Explore

How much money do you need to get FIRE?

⁠

Imagine a tool, a financial compass of sorts. It's a calculator designed to help you forecast the wealth required to comfortably meet your monthly expenses in the years to come. Think of your money as being safely tucked away in the S&P 500 index fund. Each month, you withdraw only what you need, letting the rest flourish at market rates.

This isn't just a tool for budgeting. It's a forward-thinking device, designed to estimate the funds necessary to navigate through the seas of future expenses. A handy way to chart your financial voyage. Ready to set sail?

⁠

Living expense

Monthly Budget:

6000

⁠

Provide how much money you need to spend monthly on the first year you start FIRE.

This is the amount you would get after all taxes paid.

We will adjust this based on future years inflation.

Annual Spending increase (Inflation):

3.8

⁠

This is the expected average inflation rate, You can check historical US inflation rate in the following places:

⁠

Social security expected future interest rate⁠

⁠

US historical inflation rate⁠

⁠

Investment

Current Cash you can invest

500000

⁠

The amount that you currently have and you can put them as investment.

Market return rate:

⁠

It is recommended to put all your money in an investment account in an index fund like S&P 500 with low cost.

Assuming you put all your money in an index fund like S&P 500 what is your annual expected return rate.

The average annualized return of S&P 500 since its inception in 1928 through Dec. 31, 2022, is 9.82%.

The average annualized return of S&P 500 since adopting 500 stocks into the index in 1957 through Dec. 31, 2022, is 10.15%.

Age consideration

Start Age:

⁠

Age you get want to get FIRE (From this age you will solely depends on income from your investments)

Number of years:

⁠

How many years do you need the money before you can start using other sources?

Taxes

Retirement tax rate (Over Age 59 1/2)

⁠

401K distribution will be taxed at this rate.

Social Security distribution will be taxed at this rate

Long Term Capital Gain Tax:

⁠

The tax you will be selling on the stocks you are going to sell.

401K Investments

⁠

Enable 401K investments

401k Account Value

200000

⁠

Roth IRA

100000

⁠

Social Security

⁠

Enable social security benefits

Starting Age

⁠

What age you want to start receiving benefits (minimum 62)

Benefits

3800

⁠

per month

You check your monthly expected benefits payment at

https://secure.ssa.gov/⁠

portal

⁠

Adjust the amount based on future dollar (Apply Inflation)

What you see in social security portal is not adjusted based on future inflation. We can use the same inflation you provided earlier to adjust this income. Other option is to

SSA Benefit calculator⁠

and get the future dollar value.

You need to add $
`672,835`
⁠
to your initial investment

Market return rate:

9

⁠

% Inflation:

3.8

⁠

% Monthly Budget:

$6,000

⁠

Social Security:

Age: 67 Amount: $3800 (Adj Inflation)

⁠

Initial Investment:

$500,000

⁠

401K Investments:

$200,000

⁠

Roth IRA:

$100,000

⁠

Capital Gain Tax Rate:

15

⁠

% Retirement Tax Rate:

20

⁠

% Get FIRE at age

40

⁠

(for

51

⁠

years) until you are

91

⁠

years old.

Money Spend Rate

Money Spend Rate

⁠

Break Down

Break Down

Year

Age

Inflation

Living Cost

Tax

SSA

Roth IRA

401K

Investment

Additional Invest

401K deduct

Investment Deduct

Roth deduct

Unfunded

100.00

$72,000

$12,706

$100,000

$200,000

$415,294

$672,835

$84,706

103.80

$74,736

$13,189

$109,000

$218,000

$364,746

$733,390

$87,925

107.74

$77,576

$13,690

$118,810

$237,620

$306,307

$799,395

$91,266

111.84

$80,524

$14,210

$129,503

$259,006

$239,141

$871,341

$94,734

116.09

$83,584

$14,750

$141,158

$282,317

$162,330

$949,762

$98,334

120.50

$86,760

$15,311

$153,862

$307,726

$74,869

$1,035,241

$102,071

125.08

$90,057

$13,911

$167,710

$335,421

$6,738

$1,128,413

$74,869

$17,868

129.83

$93,479

$16,318

$182,804

$365,609

$606

$1,210,494

$6,738

$102,048

134.77

$97,031

$17,107

$199,256

$398,514

$55

$1,208,206

$606

$113,441

139.89

$100,718

$17,772

$217,189

$434,380

$1,193,294

$55

$118,427

145.20

$104,545

$18,449

$236,736

$473,474

$1,171,605

$122,988

150.72

$108,518

$19,150

$258,042

$516,087

$1,142,992

$127,668

156.45

$112,642

$19,878

$281,266

$562,535

$1,106,703

$132,520

162.39

$116,922

$20,633

$306,580

$613,163

$1,061,859

$137,555

168.56

$121,365

$21,417

$334,172

$668,348

$1,007,491

$142,782

174.97

$125,977

$22,231

$364,247

$728,499

$942,532

$148,208

181.62

$130,764

$23,076

$397,029

$794,064

$865,813

$153,840

188.52

$135,733

$23,953

$432,762

$865,530

$776,051

$159,686

195.68

$140,891

$24,863

$471,711

$943,428

$671,838

$165,754

203.12

$146,245

$25,808

$514,165

$1,028,337

$551,631

$172,053

210.84

$151,802

$26,789

$560,440

$1,120,887

$413,740

$178,591

218.85

$157,570

$439,128

$1,221,767

$256,313

$157,570

227.17

$163,558

$300,371

$1,331,726

$279,381

$163,558

235.80

$169,773

$142,352

$1,451,581

$304,525

$169,773

244.76

$176,224

$8,468

$1,536,073

$331,932

$42,340

$142,352

254.06

$182,921

$45,730

$1,425,090

$361,806

$228,651

263.71

$189,872

$47,468

$1,294,648

$394,368

$237,340

273.73

$197,087

$44,279

$99,858

$1,278,692

$429,861

$121,536

284.14

$204,576

$45,961

$103,653

$1,256,266

$468,548

$126,154

294.93

$212,350

$47,708

$107,592

$1,226,597

$510,717

$130,948

306.14

$220,419

$49,521

$111,680

$1,188,834

$556,681

$135,924

317.77

$228,795

$51,403

$115,924

$1,142,042

$606,782

$141,089

329.85

$237,489

$53,356

$120,329

$1,085,195

$661,392

$146,450

342.38

$246,514

$55,383

$124,901

$1,017,165

$720,917

$152,016

355.39

$255,882

$57,488

$129,648

$936,716

$785,799

$157,793

368.90

$265,606

$59,673

$134,574

$842,490

$856,521

$163,790

382.92

$275,699

$61,940

$139,688

$732,999

$933,608

$170,014

397.47

$286,176

$64,294

$144,996

$606,612

$1,017,633

$176,475

412.57

$297,051

$66,737

$150,506

$461,540

$1,109,220

$183,181

428.25

$308,339

$69,273

$156,225

$295,824

$1,209,050

$190,142

444.52

$320,056

$71,906

$162,162

$107,318

$1,317,864

$197,368

461.41

$332,218

$65,112

$168,324

$1,436,472

$107,318

$66,560

478.95

$344,842

$64,966

$174,720

$1,493,204

$200,143

497.15

$357,946

$67,434

$181,360

$1,409,437

$207,748

516.04

$371,548

$69,997

$188,251

$1,309,840

$215,643

535.65

$385,667

$72,657

$195,405

$1,192,675

$223,838

556.00

$400,322

$75,418

$202,830

$1,056,033

$232,343

577.13

$415,534

$78,283

$210,538

$897,822

$241,172

599.06

$431,324

$81,258

$218,538

$715,749

$250,336

621.83

$447,714

$84,346

$226,843

$507,300

$259,848

645.46

$464,727

$87,551

$235,463

$269,722

669.98

695.44

721.87

749.30

777.78

807.33

838.01

869.85

902.91

100

937.22

101

972.83

102

1009.80

103

1048.17

104

1088.00

105

1129.35

106

1172.26

107

1216.81

108

1263.05

109

1311.04

110

1360.86

111

1412.58

112

1466.25

113

1521.97

114

1579.81

115

1639.84

116

1702.15

117

1766.84

118

1833.98

119

1903.67

120

1976.01

121

2051.09

122

2129.04

123

2209.94

124

2293.92

125

2381.09

126

2471.57

127

2565.49

128

2662.98

129

2764.17

130

2869.21

131

2978.24

132

3091.41

133

3208.88

134

3330.82

135

3457.39

136

3588.77

137

3725.15

138

3866.70

100

139

4013.64

There are no rows in this table

⁠

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How much money do you need to get FIRE?

Living expense

Investment

Age consideration

Taxes

401K Investments

Social Security

You need to add $672,835⁠to your initial investment

You need to add $
`672,835`
⁠
to your initial investment